NOTE 5 – EQUITY METHOD INVESTMENT

During November 2018, the Company invested $50,000 for a 19.9% Class B limited liability membership interest in EPH and recorded this transaction as an equity method investment due to the Company’s ability to exercise significant influence over EPH. The carrying value of the investment in EPH was reduced to zero after recording the proportionate share of the investee’s net loss for the year. The loss in equity investment has been presented on the consolidated statement of operations for the year ended December 31, 2018. As EPH was formed in 2018, there were no assets, liabilities or results of operations in 2017. There were no distributions received from the equity method investment in 2018.